USO vs. AUDUSD=X

Last updated Apr 2, 2026

Compare and contrast key facts about United States Oil Fund LP (USO) and AUD/USD (AUDUSD=X).

USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006.

Performance

USO vs. AUDUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Oil Fund LP (USO) and AUD/USD (AUDUSD=X). The values are adjusted to include any dividend payments, if applicable.

USO vs. AUDUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USO United States Oil Fund LP	79.42%	-8.46%	13.35%	-4.94%	28.97%	64.68%	-67.79%	32.61%	-19.57%	2.47%
AUDUSD=X AUD/USD	3.33%	7.81%	-9.12%	-0.06%	-6.27%	-5.58%	9.75%	-0.37%	-9.73%	8.36%

Returns By Period

In the year-to-date period, USO achieves a 79.42% return, which is significantly higher than AUDUSD=X's 3.33% return. Over the past 10 years, USO has outperformed AUDUSD=X with an annualized return of 5.22%, while AUDUSD=X has yielded a comparatively lower -1.06% annualized return.

USO

• 1D: -2.48%
• 1M: 42.32%
• YTD: 79.42%
• 6M: 69.66%
• 1Y: 60.99%
• 3Y*: 23.15%
• 5Y*: 24.29%
• 10Y*: 5.22%

AUDUSD=X

• 1D: -0.07%
• 1M: -2.77%
• YTD: 3.33%
• 6M: 4.28%
• 1Y: 9.85%
• 3Y*: 1.04%
• 5Y*: -1.95%
• 10Y*: -1.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

USO vs. AUDUSD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USO

USO Risk / Return Rank: 75
USO Sharpe Ratio Rank: 80
USO Sortino Ratio Rank: 82
USO Omega Ratio Rank: 74
USO Calmar Ratio Rank: 89
USO Martin Ratio Rank: 51

AUDUSD=X

AUDUSD=X Risk / Return Rank: 77
AUDUSD=X Sharpe Ratio Rank: 77
AUDUSD=X Sortino Ratio Rank: 75
AUDUSD=X Omega Ratio Rank: 79
AUDUSD=X Calmar Ratio Rank: 79
AUDUSD=X Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USO vs. AUDUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) and AUD/USD (AUDUSD=X). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	USO	AUDUSD=X	Difference
Sharpe ratio Return per unit of total volatility	1.56	0.85	+0.71
Sortino ratio Return per unit of downside risk	2.22	1.20	+1.02
Omega ratio Gain probability vs. loss probability	1.28	1.17	+0.11
Calmar ratio Return relative to maximum drawdown	2.97	1.45	+1.51
Martin ratio Return relative to average drawdown	5.14	3.75	+1.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USO vs. AUDUSD=X - Sharpe Ratio Comparison

The current USO Sharpe Ratio is 1.56, which is higher than the AUDUSD=X Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of USO and AUDUSD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USO	AUDUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	0.85	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	-0.18	+0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	-0.10	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	-0.08	-0.12

Correlation

The correlation between USO and AUDUSD=X is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

USO vs. AUDUSD=X - Drawdown Comparison

The maximum USO drawdown since its inception was -98.19%, which is greater than AUDUSD=X's maximum drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for USO and AUDUSD=X.

Drawdown Indicators

	USO	AUDUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-98.19%	-47.87%	-50.32%
Max Drawdown (1Y) Largest decline over 1 year	-20.39%	-5.86%	-14.53%
Max Drawdown (5Y) Largest decline over 5 years	-36.23%	-24.02%	-12.21%
Max Drawdown (10Y) Largest decline over 10 years	-86.75%	-29.18%	-57.57%
Current Drawdown Current decline from peak	-86.80%	-37.41%	-49.39%
Average Drawdown Average peak-to-trough decline	-75.21%	-25.44%	-49.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.77%	1.62%	+10.15%

Volatility

USO vs. AUDUSD=X - Volatility Comparison

United States Oil Fund LP (USO) has a higher volatility of 22.21% compared to AUD/USD (AUDUSD=X) at 3.50%. This indicates that USO's price experiences larger fluctuations and is considered to be riskier than AUDUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USO	AUDUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.21%	3.50%	+18.71%
Volatility (6M) Calculated over the trailing 6-month period	29.81%	5.76%	+24.05%
Volatility (1Y) Calculated over the trailing 1-year period	39.35%	9.26%	+30.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.40%	10.11%	+24.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.33%	9.76%	+28.57%